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Timbercreek Global Real Estate Income Fund

Manager Commentary

The Timbercreek Global Real Estate Income Fund is pleased to provide you with a quarterly update which highlights the Fund's performance, portfolio changes and market commentary from the Portfolio Manager.

Highlights

  • Global economic indicators continued to strengthen in Q1 and global real estate markets responded.
  • The Fund generated a +1.71% total return on a net basis for the quarter.
  • Performance was driven by stock selection in the U.S. and country allocation to Singapore and Japan.
  • During the quarter, the Fund added Developers Diversified in the United States and sold Befimmo in Belgium while adding two preferred share names and exiting two.

For further commentary, please click on the link below.

Quarterly Manager Commentary